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you first have to culculate equilibrium level of income.
Equilibrium level of income is solved by following a system of equations. For a detailed understanding, study the Law of Mass Action of chemical reactions.
Corporate owners
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
consumer & producer's equilibrium, supply&demand,national income & aggregates,determination
you first have to culculate equilibrium level of income.
Equilibrium level of income is solved by following a system of equations. For a detailed understanding, study the Law of Mass Action of chemical reactions.
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Corporate owners
The Product MethodThe Income Method or theThe Expenditure Method
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
consumer & producer's equilibrium, supply&demand,national income & aggregates,determination
Ensure you have the correct statistics and you calculate correctly.
at the equilibrium level of GDP + formula
Basically we calculate the national income on the basis of Indian economy that has been divided into 13 sub sectors under primary, secondary and tertiary sector.
how to compute national income. Through; expenditure approach, income approach, and input and output approach. Now for the expenditure approach you add G+I+C+(X-M) Income approach; addition of the factors of production
It is the total value of all the goods and services produced within a country plus income coming from abroad in a particular time period